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Soybean outlook controlled by exports

Published 04/05/2010

KNOXVILLE, Tenn. — Telling the story of soybean exports in the last 30 years requires a little more work than for corn and wheat. The primary products of soybeans — soybean meal and soybean oil — play a much larger role in exports than do the corresponding products of corn and wheat. As a result, the U.S.Department of Agriculture tracks production and utilization data for soybean meal and soybean oil separately from unprocessed beans.

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